A monitor shows trading prices for bitcoin and other cryptocurrencies in Hong Kong. Leading financial institutions are bullish on digital currencies. Photo: EPA-EFE
A monitor shows trading prices for bitcoin and other cryptocurrencies in Hong Kong. Leading financial institutions are bullish on digital currencies. Photo: EPA-EFE
Bitcoin

US fund sees bitcoin as ‘one of the most profitable assets,’ alternative to US$150 trillion of sub-zero yielding cash and bonds

  • Capital Group joins leading financial firms such as Bank of America and Fidelity in embracing cryptocurrencies
  • Bitcoin is an alternative to cash and bonds that are affected by inflation and near-zero rate policy globally, money manager says

Topic |   Bitcoin
A monitor shows trading prices for bitcoin and other cryptocurrencies in Hong Kong. Leading financial institutions are bullish on digital currencies. Photo: EPA-EFE
A monitor shows trading prices for bitcoin and other cryptocurrencies in Hong Kong. Leading financial institutions are bullish on digital currencies. Photo: EPA-EFE
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